Property dealer killed for dispute over Rs 50,000

A dozen men ambushed and brutally murdered a 25-year-old property dealer following a dispute over a payment of Rs 50,000 in Kota’s Mahaveer Nagar area. The assailants used swords, knives and iron roads to kill the victim. The victim’s brother and a friend were also seriously injured in the attack. The police arrested five of the assailants on Saturday and said that a search has been launched for others.

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The incident took place on Friday evening. The victim, identified as Mukesh Meena, a resident of Rangbari Yojana in Kota was a property dealer. He had a fight with some people including Fareed, Dalchand and Dharmendra a few days ago. A police case was registered in this regard and Mukesh’s friend Vineet alias Babu was an eyewitness in the case.

The Kota police investigaited the case and filed a chargesheet against the gang that attacked Mukesh three days ago. The gang members were pressuring Mukesh to reach a compromise in the case and offered Rs 50,000 to him for the same. Mukesh agreed. One middleman, Munna, gave Mukesh Rs 25,000 and told him that he would give the rest of the money after court settlement.

However, Mukesh demanded all the money in advance. He along with his brother and a friend went to Munna’s house on Friday and told him to make the full payment. When the latter refused, Mukesh picked up a fight with him and left his house.

On the way to their destination, they were ambushed by over a dozen men. The gang attacked Mukesh, his brother and the friend with swords, iron rods and knives.
 Mukesh died on the spot, while his companions were seriously injured. They were rushed to a hospital where they are undergoing treatment.
 “We have arrested five of the assailants and a search for others has been launched,” said a police officer. The daredevil attack at a public place spread panic in Kota.

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Once hailed as the growth engine of the real estate industry, commercial realty suddenly became a liability for developers and the ready prime projects had no takers, during the recent economic slowdown. With a shortfall in demand and liquidity crunch, ‘affordable housing’ gained importance and the focus of even commercial realtors took a shift. Many of the upcoming commercial realty projects came to a standstill and instead, more affordable housing projects were launched. While office spaces remained unoccupied, the retailers in malls bargained hard to renegotiate prices and to include minimum guarantee clauses in the agreement, or enter into revenue sharing agreements. saha Meghdutam encore Noida extension

As per a report by real estate consultancy firm, Cushman & Wakefield, the year 2009 ended with a 29 per cent decline in space absorption, compared to the previous year. The total absorption of commercial space across major Indian cities stood at 26.3 million sq ft in 2009, compared to 37 million sq ft in 2008. Mall supply during 2009 fell short by 60 per cent, as only 5.7 million sq ft of space was delivered across major cities in India. The report points out that the poor demand from retailers forced developers to defer the expected mall supply of around nine million sq ft.

Of the proposed 44 malls at the beginning of the first quarter (January-March), about 18 were delivered by the year-end. The overall vacancy rate for the major cities as of December, 2009, was 17 per cent, compared with a 16.7 per cent vacancy rate in December, 2008. saha Meghdutam encore Mumbai had the largest share of mall supply, in 2009, at 1.8 million sq ft, followed by Hyderabad (1.1 million sq ft) and the National Capital Region (NCR) (0.9 million sq ft). Bangalore saw the highest mall supply deferment, with 80 per cent less mall supply than what was expected. This slowdown in mall construction reflected a negative growth indicator, for the commercial real estate segment.

However, the projection for the year 2010 and ahead, suggests that the worst for commercial real estate could be over. According to a report by the DTZ, a real estate services group which undertook a study to examine how this recovery will come about and analyse what this means for the future, the recovery appears visible and inevitable . The research report, called ‘The Second Coming’, says that major office markets in India will revive by Q2, 2010, with increased interest from tenants and a downward correction in rentals taking place.

This projected indication of recovery has given commercial realtors in India a much-needed relief, after having weathered a liquidity crunch, slackening demand , piling inventory and falling rentals, for over a year. Many of them believe that the pace and scale of market recovery will be led by the tier-I cities of Delhi-NCR, Mumbai and Bangalore. Tier-II cities, such as Kolkata and Chennai, will see a gradual recovery in the later part of 2010, while the Pune market is unlikely to see any major changes.

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The surprising success in the property segment of this cyber city has made everyone surprised. It is possible that the cost of the real estate may vary at different locality. As, those locations close to the shopping centers, malls etc. have the high rates of real estate as compared to others. The complex is well connected, have ample facilities for the residents & many other necessities to present a comfortable stay. Get these plots is different divisions according to your needs. Another factor which make these plots all the more lucrative option for investment is the price range, the price at which these plots are offered are absolutely affordable.

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Boulevard Walk Retail Outlets for Hyper Market, Multiplex, Food Court, Anchor Store and Lifestyle Brands.




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Mascot MISTY HEIGHTS is a diamond of the North India

Mascot  Group offers MISTY HEIGHTS another private venture. The undertaking offer comfortable Apartments in Noida Extension , Strategically found in Noida, the private task MISTY HEIGHTS is a diamond of the North India.

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The designer offers 2, 4, 3 and 2 BHK Apartments found closer to lavish greenery and business locale. In addition, instructive foundations and healing facilities are arranged closer to the venture

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